According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements which led investors to believe that the integration was progressing smoothly when the opposite was true. At the beginning of the Class Period, defendants touted that the integration process was “off to a great start” and that Neogen “delivered solid core growth in both of our segments and, notably, a level of profitability well ahead of where the company was prior to the acquisition.” In addition, while Neogen admitted that certain “inefficiencies” arose as a result of the integration process, defendants downplayed them assuring investors, “we have our arms around the key issues and are fully committed to resolving them in the near future.”
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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